Which of the following is true about government spending?
A) Real federal spending per person was approximately 50 times higher in 1900 than 1800.
B) Real federal spending per person was approximately 75 times higher in the most recent fiscal year than 1916.
C) Real federal spending per person grew slowly under the Reagan Administration during the 1980s, but it increased rapidly under the Clinton administration in the 1990s.
D) In recent years, government expenditures at the state and local levels have been greater than government spending at the federal level.
Correct Answer:
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Q1: Since 1960, the share of federal spending
Q2: Total government spending (federal, state, and local)
Q3: Real (adjusted for inflation) federal spending per
Q5: Compared to the situation prior to 1980,
Q6: During the last four decades, the composition
Q7: In 1960, more than half (52 percent)
Q8: Government expenditures for Social Security and unemployment
Q9: In 1960, spending on income transfers and
Q10: During the last four decades, defense expenditures
Q11: Given the current structure of the Social
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